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IUVD.L vs. CSP1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUVD.L vs. CSP1.L

Last updated Jun 5, 2026

IUVD.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - IUVD.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while CSP1.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, IUVD.L returned 15.73%/yr vs 13.73%/yr for CSP1.L. A 0.77 correlation means they provide meaningful diversification when combined. IUVD.L charges 0.20%/yr vs 0.07%/yr for CSP1.L.

Performance

IUVD.L vs. CSP1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) and iShares Core S&P 500 UCITS ETF (CSP1.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IUVD.L is traded in USD, while CSP1.L is traded in GBp. To make them comparable, the CSP1.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IUVD.L achieves a 46.43% return, which is significantly higher than CSP1.L's 10.28% return.

IUVD.L

1D
-0.99%
1M
15.70%
YTD
46.43%
6M
50.36%
1Y
89.18%
3Y*
33.45%
5Y*
15.73%
10Y*
—

CSP1.L

1D
0.10%
1M
4.65%
YTD
10.28%
6M
11.29%
1Y
27.90%
3Y*
22.09%
5Y*
13.73%
10Y*
15.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUVD.L vs. CSP1.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IUVD.L
iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)		46.43%33.00%6.51%14.55%-14.85%29.63%-1.41%25.64%-11.85%
CSP1.L
iShares Core S&P 500 UCITS ETF		10.28%17.63%25.22%26.11%-18.77%29.88%17.14%31.49%-6.89%

Correlation

The correlation between IUVD.L and CSP1.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (All Time)
Calculated using the full available price history since Feb 26, 2018

0.77

The correlation between IUVD.L and CSP1.L has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.

IUVD.L vs. CSP1.L - Sectors Allocation Comparison

Sectors
IUVD.L
CSP1.L

Technology

44.9%
38.0%

Financial Services

10.4%
11.3%

Healthcare

8.4%
8.4%

Communication Services

8.3%
10.7%

Consumer Cyclical

8.3%
9.9%

Industrials

7.3%
7.9%

Consumer Defensive

4.0%
4.7%

Energy

3.2%
3.4%

Utilities

1.9%
2.2%

Real Estate

1.8%
1.9%

Basic Materials

1.6%
1.7%

Technology

IUVD.L
44.9%
CSP1.L
38.0%

Financial Services

IUVD.L
10.4%
CSP1.L
11.3%

Healthcare

IUVD.L
8.4%
CSP1.L
8.4%

Communication Services

IUVD.L
8.3%
CSP1.L
10.7%

Consumer Cyclical

IUVD.L
8.3%
CSP1.L
9.9%

Industrials

IUVD.L
7.3%
CSP1.L
7.9%

Consumer Defensive

IUVD.L
4.0%
CSP1.L
4.7%

Energy

IUVD.L
3.2%
CSP1.L
3.4%

Utilities

IUVD.L
1.9%
CSP1.L
2.2%

Real Estate

IUVD.L
1.8%
CSP1.L
1.9%

Basic Materials

IUVD.L
1.6%
CSP1.L
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)

iShares Core S&P 500 UCITS ETF

Often compared with IUVD.L:
IUVD.L vs. IWVG.LIUVD.L vs. UVAL.LIUVD.L vs. VTVIUVD.L vs. IEAA.LIUVD.L vs. EHF1.DEIUVD.L vs. IESG.LIUVD.L vs. FXC.AS
Often compared with CSP1.L:
CSP1.L vs. CSPX.LCSP1.L vs. VUAG.LCSP1.L vs. SPYCSP1.L vs. IUSA.LCSP1.L vs. VUAA.LCSP1.L vs. SPY5.LCSP1.L vs. VOO

Return for Risk

IUVD.L vs. CSP1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUVD.L
IUVD.L Risk / Return Rank: 9797
Overall Rank
IUVD.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
IUVD.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
IUVD.L Omega Ratio Rank: 9797
Omega Ratio Rank
IUVD.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
IUVD.L Martin Ratio Rank: 9797
Martin Ratio Rank
CSP1.L
CSP1.L Risk / Return Rank: 8282
Overall Rank
CSP1.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
CSP1.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
CSP1.L Omega Ratio Rank: 8585
Omega Ratio Rank
CSP1.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
CSP1.L Martin Ratio Rank: 7878
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUVD.L vs. CSP1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) and iShares Core S&P 500 UCITS ETF (CSP1.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

IUVD.LCSP1.LDifference
Sharpe ratioReturn per unit of total volatility
5.38
2.48

+2.90

Sortino ratioReturn per unit of downside risk
7.24
3.57

+3.67

Omega ratioGain probability vs. loss probability

1.92

1.44

+0.48

Calmar ratioReturn relative to maximum drawdown

10.77

3.20

+7.58

Martin ratioReturn relative to average drawdown

44.44

13.82

+30.63

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUVD.L vs. CSP1.L - Sharpe Ratio Comparison

The current IUVD.L Sharpe Ratio is 5.38, which is higher than the CSP1.L Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of IUVD.L and CSP1.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IUVD.LCSP1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.38

2.48

+2.90

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

0.88

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.94

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

1.00

-0.31

Drawdowns

IUVD.L vs. CSP1.L - Drawdown Comparison

The maximum IUVD.L drawdown since its inception was -39.67%, which is greater than CSP1.L's maximum drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for IUVD.L and CSP1.L.

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Drawdown Indicators

IUVD.LCSP1.LDifference

Max Drawdown

Largest peak-to-trough decline

-39.67%

-33.51%

-6.16%

Max Drawdown (1Y)

Largest decline over 1 year

-8.23%

-8.68%

+0.45%

Max Drawdown (3Y)

Largest decline over 3 years

-18.73%

-18.69%

-0.04%

Max Drawdown (5Y)

Largest decline over 5 years

-26.77%

-25.16%

-1.61%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.51%

—

Current Drawdown

Current decline from peak

-1.03%

-0.55%

-0.48%

Average Drawdown

Average peak-to-trough decline

-8.12%

-3.87%

-4.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

2.01%

-0.01%

Volatility

IUVD.L vs. CSP1.L - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) has a higher volatility of 7.63% compared to iShares Core S&P 500 UCITS ETF (CSP1.L) at 2.58%. This indicates that IUVD.L's price experiences larger fluctuations and is considered to be riskier than CSP1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUVD.LCSP1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.63%

2.58%

+5.05%

Volatility (6M)

Calculated over the trailing 6-month period

13.26%

7.99%

+5.27%

Volatility (1Y)

Calculated over the trailing 1-year period

16.48%

11.21%

+5.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.72%

15.68%

+2.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.84%

16.12%

+3.72%

IUVD.L vs. CSP1.L - Expense Ratio Comparison

IUVD.L has a 0.20% expense ratio, which is higher than CSP1.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IUVD.L vs. CSP1.L - Dividend Comparison

IUVD.L's dividend yield for the trailing twelve months is around 1.12%, while CSP1.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
CSP1.L
iShares Core S&P 500 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IUVD.L
iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)		1.12%1.64%2.24%2.27%2.61%1.85%2.26%2.26%1.73%

Frequently Asked Questions

IUVD.L and CSP1.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CSP1.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CSP1.L is cheaper with a 0.07% expense ratio, compared with 0.20% for IUVD.L.

IUVD.L is categorized as Large Cap Value Equities, while CSP1.L is S&P 500. IUVD.L tracks Russell 1000 Value TR USD, while CSP1.L tracks S&P 500 Index. Their fees differ too: 0.20% for IUVD.L and 0.07% for CSP1.L.

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